Tagged: asia

March 11, 2021 @ 8:18 am By Samantha Hurst  |  

  UK banking group Standard Chartered Bank announced on Thursday it has teamed up with BlackRock’s Aladdin platform to offer integrated end-to-end office investment management solutions to mutual clients across Asia, Africa, and the Middle East. According to BlackRock, Aladdin technology combines risk analytics and… Read More

March 4, 2021 @ 9:27 am By Samantha Hurst  |  

    Pine Labs, an India-based merchant commerce platform, announced on Thursday it is expanding its services to Southeast Asia, thanks to key organizational changes. As previously reported, Pine Labs notably offers a merchant platform that includes technology and financial solutions for merchants to help… Read More

March 3, 2021 @ 10:45 am By Samantha Hurst  |  

  Xendit, an Indonesia-based digital payment infrastructure, announced on Wednesday it secured $64.6 million through its Series B investment round, which was led by Accel with participation from YCombinator. Founded in 2014, Xendit is a fintech that provides payment solutions and simplifies the payment process… Read More

March 3, 2021 @ 6:30 am By Milena Naitoh  |  

The ASEAN economy is expected to become the fourth-largest economy in the world by 2030, growing at a pace of over 5% per year. Small and medium enterprises (SMEs) are the biggest contributors to this regional growth — they account for between 89% and 99%… Read More

February 19, 2021 @ 7:23 am By Samantha Hurst  |  

  Deutsche Bank (XETRA: DBKGn.DB /NYSE: DB) announced on Thursday it has joined forces with Southeast Asia’s 2C2P to launch a digital payments platform in Thailand. The banking group reported that through 2C2P’s platform,  corporate clients in Thailand will be able to maximize their business… Read More

February 18, 2021 @ 10:20 am By Samantha Hurst  |  

  AppMan, a Thailand-based insurtech, has reportedly raised $4.3 million through its Series A funding round, which saw participation from Siam Alpha Equity’s SME Growing Together 1 fund, Krungsri Finnovate, Casmatt, KTBST, and Poems Ventures, the venture arm of PhillipCapital Group. Founded in 2011, AppMan claims to be… Read More

February 4, 2021 @ 9:33 am By Samantha Hurst  |  

  Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) a Canada-based digital payments and financial technology company, announced on Thursday its wholly-owned subsidiary, Carta Worldwide, has expanded into Japan in support of the TransferWise launch of its multi-currency debit card in the country. According to Mogo, Carta’s modern open-API issuer… Read More

January 29, 2021 @ 8:11 am By Samantha Hurst  |  

  gettgo, a Thailand-based insurtech startup, announced on Friday it secured a $6.7 million investment from Muang Thai Group Holding Co. gettgo, which operates under Muang Thai Broker Co., Ltd., a subsidiary of Muang Thai Group Holding Co., is on a mission to build a new… Read More

January 26, 2021 @ 11:10 am By Samantha Hurst  |  

  Taiwan’s Financial Supervisory Commission (FSC) recently announced it has granted a banking license to Rakuten International Commercial. The FSC reported that Rakuten International Commercial Bank (RICB) is the first internet-only bank to obtain a banking license in Taiwan. The FSC further revealed that RICB… Read More

January 26, 2021 @ 10:35 am By Samantha Hurst  |  

Diginex Limited, a digital assets financial services company, announced on Monday it has formed a new partnership with GSR Markets (GSR), a global market maker for cryptocurrency spot and crypto derivative markets. According to Diginex, GSR will become a shareholder in Diginex and one of the… Read More

January 26, 2021 @ 9:54 am By Samantha Hurst  |  

  FinVolution Group, a China-based fintech that connects underserved individual borrowers with financial institutions, announced on Tuesday its subsidiary has received the Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS) to conduct regulated activities in dealing in capital markets products in Singapore. Finvolution reported… Read More

January 25, 2021 @ 8:36 am By Samantha Hurst  |  

Lendahand, a Netherlands-based for-profit crowdfunding platform for impact investing, announced over the weekend that it has agreed to provide Singapore-based Funding Societies with an up to €5 million debt facility to invest in underserved SMEs, predominantly in Indonesia, but also including Singapore and Malaysia. Lendahand reported… Read More

January 7, 2021 @ 10:30 am By Samantha Hurst  |  

Amber Group, a Hong Kong-based crypto finance service provider, announced on Wednesday it is launching a new yield-enhancement product called ‘Yield Boost’ in the Amber App. According to Amber, Yield Boost will allow users to monetize their market view on major crypto assets and earn… Read More

January 6, 2021 @ 4:48 pm By Samantha Hurst  |  

  SecuX Technology Inc., a Taiwan-based cryptocurrency hardware wallet provider, announced on Wednesday it is now featuring buy cryptocurrency options through Coinify. SecuX repoted it will now allow its users to add the Buy Crypto feature on its Wallet Web App (My Wallet on SecuX’s… Read More

January 5, 2021 @ 10:23 am By Samantha Hurst  |  

  Neat, a digital bank group based in Hong Kong, announced on Tuesday it has become a member of Visa and rolled out its new Neat Visa card. This announcement comes less than six months after Neat secured an additional $4 million extension of its… Read More

December 23, 2020 @ 10:51 am By Samantha Hurst  |  

  Haru, a South Korea-based digital asset management platform and a service brand name of Block Crafters, announced on Wednesday its total transaction volume has reached the $100 million milestone within 15 months of its official launch. Haru also revealed that its user number has… Read More

December 22, 2020 @ 10:47 am By Samantha Hurst  |  

    Contour, a Singapore-based blockchain network, recently announced it a completed pilot transaction between Tainan Spinning and Century Synthetic Fiber Corporation. Contour reported CTBC Bank, a founder bank of Contour, was the advising bank in the LC transaction, supporting Tainan Spinning. The importer, Century… Read More

December 17, 2020 @ 10:06 pm By Samantha Hurst  |  

  Razer Fintech, the fintech arm of Razer announced on Thursday it has joined forces with Rely, a Buy Now Pay Later (BNPL) service provider, to offer BNPL services in Southeast Asia to merchants registered under Razer Merchant Services (RMS), its B2B (business-to-business) solution. According… Read More

December 10, 2020 @ 1:50 pm By Milena Naitoh  |  

Digital lending platforms have made strong inroads in Southeast Asia over the past few years. In 2016 alone, peer-to-peer (P2P) business lending generated US$115.01 million—more than half of Southeast Asia’s total alternative financing market that year.  This growth can be attributed to a combination of… Read More

December 10, 2020 @ 9:18 am By Samantha Hurst  |  

Southwestern Asian banking group DBS announced on Thursday it will set up a digital exchange. The exchange will notably allow institutional investors, as well as accredited investors, to tap into a fully integrated tokenization, trading, and custody ecosystem for digital assets. DBS further revealed that… Read More